January 6, 2015

The below price index chart is an index that is formulated by our group and incorporates the average size home to sell in Ross.

There are two components to home value, and everything about a home can be allocated to one of those two ‘buckets’- 1) lot/location value and all the rights and liabilities that come with the home such as taxes and public schools; and 2) Structure value- the actual home- the layout, flow, finishes, curb appeal. The below two charts show proprietary data- our little real estate group is the only entity in the world that does this- from year to year home buyers’ taste change; in some years they want ‘structure’ (home finish), in other years they want size, and in other years they want lot/location.